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AMPELLA MINING LIMITED - ASX: AMX

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Ampella was established to bring the considerable skills and experience of its Board and key management team to bear on a suite of quality exploration as sets in Burkina Faso.

The Directors of Ampella consider Burkina Faso to be under-explored compared to other West African countries, particularly with regard to the commodities it seeks. At the same time, the Directors consider the country to possess potential for the discovery of economic mineral deposits.

Ampella will focus on increasing shareholder wealth by becoming a gold producer in the near term after aggressively exploring the assets in its portfolio.

Batie West

In the second quarter of 2008, Ampella Mining Ltd, through its Burkina Faso subsidiary company Ampella Mining SARL, acquired the rights to obtain a 100 per cent interest in five tenements over a three year period in southwest Burkina Faso called Batie West.

The five Batie West tenements cover an area of 811 square kilometres and occupy a 110 kilometre long gold-bearing shear zone that occurs along the southwest margin of the Boromo Greenstone Belt in southern Burkina Faso, adjacent to the country boundaries of Cote d’Ivoire and Ghana. The region is accessed from the capital Ouagadougou by sealed highway to Gaoua, a total distance of 290 kilometres in a straight line. From Gaoua all weather gravel roads provide access to the permit areas. The Batie West tenements occur southwest of both Ampella’s Donko Permit, and the major porphyry copper-gold discoveries of Volta Resources at Gongondy and Dienemera. The French exploited this region in the 1940’s but no modern exploration has been undertaken since. Exploitation for gold along parallel structures within this wide alteration corridor is however undertaken by several thousand licensed artisanal miners.

These five contiguous tenements at Batie West encompass a major gold bearing shear zone over a lineal (north-north-west) distance of approximately 110 km, from north to south called Danhal, Gbingbina, Mabera, Tiopolo and Kpere Batie.

This crustal scale structure (the Batie West Shear Zone), which has an apparent width of approximately 3 kilometres within the Tiopolo permit, hosts multiple shear zones, which show evidence of gold mineralisation on a significant scale. Ampella Mining Ltd considers the Batie West Project to have outstanding potential for gold mineralisation. Furthermore, as far as the Company is aware, this entire area has never undergone any form of modern exploration.

In October 2007, some nine months prior to acquisition of the Batie West Project area by Ampella, an influx of artisanal miners began arriving in the region under a permit arrangement with the original owner. It is understood that many of these miners originate from several surrounding countries including Ghana, Mali, Niger, Nigeria, Senegal and Cote d’Ivoire (Ivory Coast). To date they have pursued gold mining activities over a significant strike extent of the shear, as well as some areas outside of the shear zone.

Donko

The Donko Project covers an area of 225 square kilometres and is located at the southern end of the Boromo Greenstone Belt in southern Burkina Faso adjacent to the border with Ghana and 10 kilometres northeast of the Batie West tenements. The region is accessed from the capital Ouagadougou by sealed highway to Gaoua, a total distance of 290 kilometres in a straight line. From Gaoua all weather gravel roads provide access to the permit areas.

Detailed regolith and geological mapping has been completed over the Donko Project area and this has highlighted the extent of transported lateritic cover which will require future auger drilling programs. Geochemical lag sampling and follow-up soil geochemical surveys have also been undertaken in western and southern areas resulting in the identification of a significant gold in soil anomaly (greater than 30 parts per billion) trending north east-south west over a 4 kilometre strike length at the Bator Prospect. Within this anomaly higher grade (greater than 100 parts per billion) gold in soil anomalism highlights a number of north west-south east trends which parallel fold axes and associated quartz veins.

A program of close spaced helicopter-borne geophysics was flown over the Donko Project in September 2008, in conjunction with the Batie West Project, to assist in interpreting the structural controls on gold mineralization under cover within this tenement area, and allow targeting for future drill programs.

Doulnia

The Doulnia Project covers an area of 479 square kilometres over two separate permits, called Doulnia in the south and Kampala in the north. The Doulnia Project is located in central southern Burkina Faso, adjacent to the border with Ghana and 150 kilometres south south east of the capital Ouagadougou. Doulnia can be accessed by an all weather road from Po, 25 kilometres to the west of Doulia. The project area was identified due to its potential to host significant gold and base metal mineralization following work programs completed by the UNDP, BRGM, Incanore and Anmercosa.

Central to the project is a prominent granite dome, called the Tiebele Dome, around which wraps a Birimian volcano-sedimentary sequence comprising felsic volcanics, clastic and epiclastic sediments, argillites and graphitic shales. Felsic to mafic intrusives including granite, gabbro, diorite, and pyroxenite-rich stocks have intruded the volcano-sedimentary sequence. A number of chert and Mn horizons provide marker units and indicate syn-volcanic exhalative activity typically associated with volcanic hosted massive sulphide (VHMS) zinc-rich mineralisation.

Madougou

The Madougou Project covers an area of 465 square kilometres over two separate permits, namely Kandy to the southwest and Madougou to the northeast. It is accessed from the capital Ouagadougou by 180 kilometres of paved highway to the nearby city of Ouahigouya and thereafter by unsealed all-weather roads. The area is underlain by Birimian volcanics and sediments of the northeast trending Hounde Belt and cut by the Ouahigouya Deformation Corridor.

Mine For

gold, zinc

Location of operation(s)

Burkina Faso

Address

Suite 23, Level 1, 513 Hay Street
SUBIACO, WA, AUSTRALIA

Phone

(08) 9226 5299

Email

Website

http://www.ampella.com.au

Last Updated

25/04/2011

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.